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A scene from a Biden ad series aimed at Black Americans, "Shop Talk," announced today. Image: Biden for President

Joe Biden's mammoth $364 million August fundraising haul is leading to tens of millions worth of ads in battleground states.

The big picture: “It should be an alarm to every Republican donor that they’ve got to dig deep and give more,” Club for Growth head David McIntosh told AP.

  • “Fox News will help carry (Trump’s) message, but the mainstream media won’t. That means he’s got to have enough resources to go over their heads and talk directly with voters.”

The Trump campaign tells me ad spending will be up 50% over last week, with Arizona and Pennsylvania added, for a total of eight states with advertising on broadcast and local cable. The Trump campaign also continues to buy on national cable, including a spot contrasting Trump and Biden on the economy.

  • The campaign said it’s a “mid-8 figures” buy, with the economy as the message, and said Trump is also expanding an existing urban radio buy.
  • The earlier six states were Florida, Georgia, Michigan, Minnesota, North Carolina and Wisconsin.

Between the lines: Roughly two-thirds of Trump's Facebook ads are geared toward fundraising — not voter persuasion — in non-battleground states, the AP notes, citing an analysis by the firm Applecart.

  • About half of the battleground ads focus on voter persuasion.

The bottom line: Trump has never lacked for attention, but Biden has nearly doubled Trump's spending over the last month.

Photo: Donald J. Trump for President
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Go deeper

Scoop: Ben Carson makes plans for his post-Trump life

Ben Carson addresses last summer's Republican National Convention. Photo: Nicholas Kamm/AFP via Getty Images

Ben Carson, the secretary of Housing and Urban Development, has told confidants he wants to start a think tank after President Trump leaves office next month.

Why it matters: Carson's planning signals his private recognition of what many Trump loyalists won't say publicly: Donald Trump will not serve a second term — at least not consecutively. The secretary has not publicly acknowledged Joe Biden's election win but is preparing for a future outside the federal government.

FAA clears more planes after 5G fears

Photo: David McNew/Getty Images

The Federal Aviation Administration said Thursday it had approved nearly 80% of the U.S. commercial fleet to perform low-visibility landings at airports with new 5G services after fears of signal interference limited 5G rollout.

Why it matters: The FAA approvals will help provide more certainty after the agency raised fears that 5G signals could reduce the accuracy of certain equipment, known as radio altimeters, that helps planes land and take off in inclement weather.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Peloton stock tanks on report of production halt

Illustration: Aïda Amer/Axios

Peloton stock fell by as much as 25% on Thursday, following a CNBC report that the connected fitness company will temporarily halt production on its bikes and treadmills.

Why it matters: Peloton is viewed by many as a proxy for consumer behavior in the pandemic era, as its popularity surged when gyms closed and people wanted to exercise at home.